star indicate neutrality in price and indecision amongst traders and can be said to be sign for trend reversal so waiting for confirmation here could be quite necessary
Planning to Enter above 127-129 for aiming for price target and beyond as defined in charts
Going as anticipated.. :)
Rest in charts
Bearish Price Channel: As long as prices decline and trade within the channel, the trend is considered bearish. The first warning of a trend change occurs when prices fail to reach channel line support. A subsequent break above main trend line resistance would provide further indication of a trend change
Although, I feel that there could be trend reversal owing to RSI in oversold zone and also, the fundamentals of Pvt. Banks are good..
Keeping SL at around 92
The bullish harami is a downtrend or bearish candlestick (red) engulfing a small bullish candlestick (green), giving a sign of a reversal of the downward trend.
The bullish harami indicates the bearish trend may be reversing
Provisions have exceedingly increased with worsening in Net Npa. Doesnt appear to be long term prospect after seeing the results. Management could have adjusted provisions variably over every quarters instead of offloading all at max. in ending quarter